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7. In an agricultural experiment to determine the e?ects of a particular insecticide, a field was planted with corn. Half the plants were sprayed with the insecticide, and half were unsprayed. Several weeks later, independent random samples of 200 sprayed plants and 200 unsprayed plants were examined. The number of healthy plants in each sample was as follows: Sprayed Unsprayed Healthy 131 111 Unhealthy 69 89 If the significance level is set at 0.05, does the evidence indicate that a higher proportion of sprayed than of unsprayed plants were healthy? Use a one tailed test (note - since the null is that the proportions are equal, use this information to construct a pooled estimate of the proportion).
Find the inverse demand curve. How much consumer surplus do consumers receive when Px=$35? How much consumer surplus do consumers receive when Px=$25? In general, to the level of consumer surplus as the price as the price of a good falls?
assume that country a has a population of 500000 and only produces one good cars. country a produces 100000 cars per
if the product price is 4 per unit and the price of the factor of production is 80 per unit the profit-maximizing
The management of the Mini Mill Steel company estimated the following elasticities for a special type of steel : Ep=2, EI=1, EXY= 1.5 and X refers steel and Y refers aliminum
Calculated the point price elasticity of demand for Papa burgers and calculate the optimal price for Papa burgers if marginal cost is $1 per unit.
louise mcintyres monthly gross income is 2000. her employer withholds 400 in federal state and local income taxes and
An engineer uses an economic analysis to determine which of the two machines to purchase. All the machines that are being considered are capable of performing the same task. Assume that the minimum attractive rate of return is 12% compounded m..
Choose either the European Union or the North American Free Trade Arrangement, and answer the given questions based on your choice:
Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response. As firms attempt to internationalize, they may be tempted to locate their fa..
Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility Can you say for sure that it is rising or falling or that it is positive or negative
w suppose that the interest rate falls to 50%, and the household decides not to borrow or lend at alll. Is the household better off or worse off with the higher interest rate?
from the following data find the marginal propensity to consume compute the expenditure at each level of gdp and find
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